SPX500 Overview:
U.S. Futures Slide as Nvidia Falls on New Chip Export Curbs
U.S. stock index futures declined on Wednesday, with Nvidia shares under pressure after the company warned of significant costs from new U.S. restrictions on chip exports to China. This development has intensified concerns over the impact of the ongoing trade war.
Technical Overview:
Bearish Scenario:
Continued stability below the 5412–5361 consolidation zone will support a move toward 5314 and 5248.
Bullish Scenario:
A reversal with a 1H or 4H candle close above 5412 would signal renewed bullish momentum, targeting 5450 and 5507.
Note: Any new statement on tariffs from President Trump may significantly impact market direction.
Key Levels:
• Pivot: 5361
• Resistance: 5412 / 5450 / 5507
• Support: 5316 / 5248 / 5202
U.S. Futures Slide as Nvidia Falls on New Chip Export Curbs
U.S. stock index futures declined on Wednesday, with Nvidia shares under pressure after the company warned of significant costs from new U.S. restrictions on chip exports to China. This development has intensified concerns over the impact of the ongoing trade war.
Technical Overview:
Bearish Scenario:
Continued stability below the 5412–5361 consolidation zone will support a move toward 5314 and 5248.
Bullish Scenario:
A reversal with a 1H or 4H candle close above 5412 would signal renewed bullish momentum, targeting 5450 and 5507.
Note: Any new statement on tariffs from President Trump may significantly impact market direction.
Key Levels:
• Pivot: 5361
• Resistance: 5412 / 5450 / 5507
• Support: 5316 / 5248 / 5202
Trade active
SPX500 – UPDATEThe price dropped yesterday just as we expected and hit our bearish target at 5,248, then bounced back.
Right now, it still shows bearish momentum, and as long as it stays below 5,361, the price could drop again toward 5,248.
If a 1-hour candle closes below 5,248, the downtrend may continue toward 5,151.
Key Levels:
Pivot: 5,324
Support: 5,250 – 5,202 – 5,151
Resistance: 5,361 – 5,412 – 5,452
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
~6 analyses per day. With a clear Entry, Target, and stop-out Point
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
more than 2000 pip per week → Accuracy +90%
~4 signals per day More than 1000 pip Per Wekk → Accuracy +88%
SM News ⚡️:
t.me/SM_News_24h
sroshmayi.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.